XRP Rally Fueled By Historic Whale Accumulation

In the crypto universe, whale activity often serves as a barometer for trend reversals. XRP, driven by a record influx of wallets holding more than one million tokens, has just provided a striking illustration of this. While its price jumps 26 % in one week, the concentration of tokens in a few hands raises questions about the intentions of large holders. Against the backdrop of a widespread altcoin rally, this renewed interest in Ripple’s crypto could well mark a strategic turning point in the market.

Whales go on the offensive : a new historic high

XRP is currently showing strong technical signs compared to bitcoin . According to data published by the on-chain analytics platform Santiment, the number of wallets holding at least 1 million XRP has reached an all-time high of 2,743 units. A significant development, unprecedented in crypto’s history, accompanied by a parallel increase in token concentration in these players’ hands.

“Not only has the number of whales holding XRP never been this high, but the total share of supply they hold continues to grow as well”, says Santiment.

By itself, this category of investors now holds 47.32 billion XRP, a volume that reflects both a strategic rise in power and a clear confidence in the asset’s future trajectory. “This dual dynamic is a very positive signal for the fourth largest crypto by market capitalization,” the analysis adds.

This accumulation dynamic is far from trivial and may impact the very structure of the XRP market. It notably implies :

• A scarcity of available liquidity on exchange platforms, which can exacerbate volatility ;
• An increased influence of whales on price movements, in a context where small holders have little counterbalance ;
• A potential anticipation of a bullish event or a favorable market cycle, which these actors might seek to preempt.

This trend raises questions about the nature of this accumulation : is it a coordinated strategy among institutional players ? An opportunistic repositioning based on technical signals ? For now, no information corroborates the hypothesis of a concerted action, but the timing of this rise aligns with other market signals.

A price surge in a changing market context

Alongside this accumulation by whales, the XRP price soared by 26 % over the past week. Currently, the crypto trades around $2.80, according to CoinMarketCap data .

This bullish movement had immediate effects on speculative positions in the derivatives market: $31.44 million in short positions were liquidated, according to CoinGlass . Some observers interpret this dynamic as the result of a short squeeze, fueled by high leverage and increased volatility.

This momentum cannot be separated from the overall crypto market context. Bitcoin recently crossed three new consecutive highs, reaching $118,780, while Ether appreciated 17.51 % over the same period.

According to Santiment, these performances mark “the confirmed start of the altcoin season“. The analysis also emphasizes that “as long as bitcoin manages to stay above the crucial psychological threshold of $110,000, traders should continue reinjecting their profits into altcoins“. In other words, as long as BTC holds its supports, the flow of capital back to alternative assets like XRP could continue.

If the current enthusiasm is confirmed, XRP could consolidate its position as one of the leaders of this new altseason. However, crypto market volatility , dependence on BTC behavior, and regulatory uncertainties remain factors to watch. This renewed interest in XRP does not guarantee stability but highlights investors’ return to an asset whose trajectory had been curtailed in recent months.